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Sunday, February 12, 2006

News from FX Street

Metals

Nice rebound on Gold (GCJ6) yesterday to retest the $572 level but we had some heavy profit taking during the Asian session sending the metal back to the $560 level. Look for direction to come from crude Oil and Iran developments. We could see a usual short covering before the week end. Intraday: We suggest to Buy at $560.50; target $567 stop $559.30.

source: http://futures.fxstreet.com/Futures/content/100290/content.asp?menu=commodities&banner=saxo
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